“With the upcoming festivities, we are already seeing a surge in demand, which augurs well for business,” said Amitabh Chaudhry, managing director, Axis Bank. “We are looking at steady growth for all major business verticals of the bank.”
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.